Horizons Exchange Traded Funds has confirmed the annual distribution of capital gains to unitholders of certain ETFs managed by its affiliates for the 2012 tax year.

Each of the ETFs is required to distribute any net income and capital gains that they have earned in the year. The annual capital gains distributions will not be paid in cash but will be reinvested and reported as taxable distributions and will be used to increase each unitholder's adjusted cost base for the respective ETF. These amounts are for the annual capital gains distributions and do not include the regular monthly, quarterly or semi-annual cash distributions, as applicable, first announced on 18 December, 2012.

The ex-dividend date for these distributions is 27 December, 2012, for all unitholders of record on 31 December, 2012. In early 2013, the tax characteristics of all distributions for 2012 for the ETFs will be reported to brokers via CDS.